Ways to shorten the cycle

T+1 is a worthy objective that must be met. But questions remain

By

Richard Greensted

March 15, 1999 5:00 p.m. GMT

When the securities industry gets its teeth into an issue, it does not like to let go. Most of the time something positive happens: for instance, the UK's Crest settlement system only saw the light of day when the market stepped in to clean up after Taurus collapsed. Fortunately, there are plenty of people prepared to join committees, working parties, steering groups and sundry other associations, so there is never a shortage of volunteers if a new issue crops up.